"I'm four years old, already in debt to the tune of $38,000.00 thanks to Pelosi & Crew and all I own is this lousy doll house!
Pelosi hates America and Americans.
If anything like the house bill gets through, this will create enormous stress on small business. Small businesses have already cut staffs to the bone and workers are working at full capacity. People have less money and demand is very weak, so small businesses have very little pricing power. Although a little savings might be wrung out of vendors, it’s not much. With health care taxes looming and energy taxes still a possibility through executive order, there isn’t any wiggle room.
It seems logical that in order to survive, small businesses will have no choice by to cut employee salaries in order to pay for the taxes and regulations. We have not really seen this happen on a widespread basis since the great depression.
Trickle down economics at work in reverse. It’s trickle down poverty.
Just where does Nancy Pelosi think a family of 4 with an income of 90K is going to come up with the 10-20 thousand dollars to buy into the public option once their employer drops their coverage?
[An employer who has 10 employees and an annual payroll of $499,000 (or an average of $49,900 per worker) will not pay a penny of Pelosi tax if he cancels his private health insurance program and dumps his workers into the government health care system. He will also have an incentive not to give his workers a raise or to risk his own money trying to grow his business. ]
As someone who is active in starting small businesses, I can tell you that all of a sudden I would split any existing business into LLCs with under $500,000 in payroll.
The trouble is that the taxes in Pelosicare kick in immediately, but it will be three years before the public option is available. Small businesses will get clobbered and layoff workers.
If this bill is signed into law America, get ready for the beginning of a non ending nightmare for every American.
Your country and freedom will disappear right before your eyes. They will use this to ration and dictate every facet of your life. Your punishment for non compliance will be denial of any care.
They will dump the money they steal from your bank account or employee check into the general fund and spend it just like they have social security.
Extreme rationing will be the only way it will work. The more people they can drive to death, the more they can spend and control.
Never trust them. They are just evil.
I’m not taking their plan, I’m not paying any taxes on it, not paying any penalties. I will lay off and dump them all. Hell, I might just close the business or sell it and take off for a tropical paradise.